Golf Cart Manufacturing: growth in the number of players and the demand for electric cars will drive revenue growth
Monday, December 19th, 2011
Los Angeles, California (PRWeb) December 19, 2011 Tags Over the past five years to 2016, IBISWorld forecasts that the number of golf cars sold in the United States will grow at an average annual rate of 3.2% to about 76,685. Further recovery in the U.S. economy and the increasing number of players will support the request. IBISWorld has issued a report on the future of wheelchair manufacturers in the United States gold and can be purchased online from the website. In addition, the growth of the industry depends more and more requests from foreign countries, especially from developing countries at a rapid pace. Industry will continue to seek growth through development of new products that attract customers with high quality inputs, improved performance (eg battery life) and better technologies that create more energy efficient and environmentally friendly cars. For this reason the research firm IBISWorld industry has added a report on Golf Cart Manufacturing growing collection of Life Product Manufacturing.
Tags: Golf Cart corrugated board manufacturing industry. Golf cart application depends on the golf course and country club, where players reduce the visits, the effects reverberate through the supply chain manufacturers. Housing bubble burst, the financial collapse of 2008 and the recession led to sharp increases in unemployment, which affected golf car manufacturer. Industry was given a severe blow in 2009, when earnings sank 28.8%. After the steep decline, revenue rose again significantly in 2010, supported by strong export market for golf cart. Conditions continued to improve over 2011, with revenue growth of 12.4% to $ 588.1 million projected for this year, registering an annual growth rate of 0.2% since 2006.
Golf
Electric cars Tags: golf is considered as the first mass produced electric vehicles for private consumer use. Although petrol power built golf cars later, Golf Cart Manufacturing the industry back to a simple model of electricity in recent years. Fuel price increases, sound, production regulations and consumer demand for vehicles overall more energy efficient and environmentally friendly has forced manufacturers to develop new models. This trend is expected to continue in the next five years, especially as the battery electric model and distance using less petrol cars.
Tags market concentration of industries in the Golf Cart Manufacturing industry has grown in the past five years, with companies much more for the industry, and TEXTRON Ingersoll Rand, who has poured money into their own branch
Tags: analysts IBISWorld, Brian Bueno, more than five years in 2016, IBISWorld projects the number of golf cars sold in the United States will grow at an average annual rate of 3.2% to about 76,685. ? Further recovery in the U.S. economy and the increasing number of players will support the request? Bueno said. ? Although the participation rate is expected to remain stable at about 8.8% of the population.? Industry growth depends on the demand for more and more of the foreign economy. From 2011-2016, IBISWorld industry projects revenue will grow at an annual rate of 5.9% to $ 783.1 million.
Tags: For more information, including statistical industry trends, updates, analysis and stock market information, download the full report from IBISWorld industry in Manufacturing Golf Cart
Tags IBISWorld Industry Market Research Report Content:
Tags: About the Industry
Industry Definition
The main activities
related industries
Additional Resources
Tags Industry at a Glance
Summary
foreign key driver
current performance
Industry Outlook
Industry Life Cycle
Tags Products & Markets
Supply Chain
Products & Services
major markets
Globalisation and the
Business Location
Stock Market Concentration
Key Success Factors
Standard cost structure
barriers to entry
